Comment history

The_Oracle says...

While I agree with Bahamian involvement, BEAAP members are "signing off" on drawings and plans created elsewhere, and thus are a part of the problem. Legislation is only as good as its enforcement.Another case of slitting your own throat to spite another.
Inserting yourselves by force means there may be a serious reduction in such projects.
Catch 22.

The_Oracle says...

It is understood that all this new legislation and regulations are oecd, wto, eu-epa, imf requirements, and under constant pressure to implement, but these people have no idea the hit this country is going to take, and what it will lose in the process.
Much like every new edict issued from whichever Government dept that discovers an itch that it decides to scratch.
Look at the recent Min. of agriculture and it's out of the blue unannounced "enforcement" of rules for importation of Meats for personal consumption. Fine, the rules have always been in place but Completely unenforced for decades!
I seriously believe these civil servants wake up and decide they're gonna mess with people!
I am now reconsidering a business venture that is badly needed in the Bahamas, but until the dust and confusion clears, who can make any decision?
Who would?

The_Oracle says...

We long ago gave up our "Fiscal sovereignty" by borrowing from anyone who would lend.
Our culture of secrecy and Fronting works directly against "transparency" in as much as our "plantation control mentality" works against economic prosperity.
"State Legal Affairs Minister Elsworth Johnson agreed the government did not want to monitor organisations’ balance sheets or carry out a witch hunt for anyone."
With a strong history of exactly this, is it any wonder why Organizations and Businesses fear it at worst and do not trust it universally?
Government is data mining for revenue, by any means possible, including new tax structures.
Insofar as they were hoping for a Tax revenue "hump" in the transition between Import tax and VAT tax.
VAT implemented in 2016, increased in 2018, Duty to be minimized by 2025 across the board to 8-10% per WTO mandate.
And still keeping the public in the dark.

On ‘We need to know source of the money’

Posted 6 December 2018, 9:52 a.m. Suggest removal

The_Oracle says...

Has it been considered that these Foreign financial services jobs are managing "foreign $$"?
Perhaps if you want to expel the Foreign financial "wealth" workers the foreign $$ may follow them, not stick around to take the risk of "proving" local talent.

The_Oracle says...

Funny how the comments go south when the above article is about us!
Minis and CO running out of the peoples time AND Money.
Typical Micro managing, no change, Crony contracts, no change,
Seriously, While KPT talks the right fiscal talk, it hasn't stopped the largess in spending.

The_Oracle says...

The Civil Service was undermined long ago by the Political class.
The Civil service used to be rules based, according to law.
For a long time it has been run according to political will and edict.
Civil servants cannot refer to Documents, statutes or procedural manuals,
they refer to their Minister. They, like the public, wait for an answer.
When did we last have a "Permanent" Permanent Secretary?

The_Oracle says...

BEC/BPL is a classic and irrefutable example of self Governance failed.
Zero long term planning, kickbacks, political meter and billing tampering,
Environmental disaster, fuel pilfering, Hazardous site conditions, fires
Crap service with frequent outages for the last 30+ years, decaying infrastructure.
Another point: those may be the numbers at this point, but how often have similar stats existed in the past that have been written off?(political re-connections and legacy debt "bundling"?)
It is sad, incredibly sad that government failure for decades has produced a bahamas that bahamians cannot afford to live in.
Also Incredibly sad how we have been trained to live for today and ignore bills and recurring expenses, and not live within our means.
Quite the perfect storm of collective abandonment of responsibility, both personal and professional.
But then, what do I know, I have always paid my bills first.

The_Oracle says...

Head negotiator and I also understand has a Marketing contract for the (pro) Govt Position?
Can anyone confirm this? Sounds a little "conflicted" if so.
At least the Chamber may do some real Private sector consulting, all the Min of Finance has done is Insult everyone by claiming secrecy prevents disclosure!
Aka those in the dark being led by those who keep them there.
Asinine. This is a road map we are following with the little wiggle room the Bahamas long ago frittered away by government inaction and secrecy.
Even today the innuendo and language obfuscates, with no clue as to the effect.
No Business can plan or project in this environment.

The_Oracle says...

Note that much of the $$ is in US dormant accounts,
with estates and inheritors unaware of its existence.
However, the proper mechanisms aught to also be put in place to give a structured process to claims.
Discovery is an important part of law is it not?

On Dormant accounts – they'll do nicely

Posted 22 November 2018, 5:23 p.m. Suggest removal

The_Oracle says...

Shouldn't UCRA, the Regulator, already have the information needed? Already have been appraised by bpl/bec?
Already have reported to the Minister for works who in turn would report to cabinet?
Just asking.